The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It’s reportedly the first time the watchdog has sought to unwind a tech deal.
Entertainment
Taylor Swift, Blake Lively, Michelle Williams, and more glam up for Beyoncé’s Renaissance Film Premiere
2023 has been a standout year for pop icons Taylor Swift and Beyoncé, with both enjoying record-breaking world tours. The red carpet is bustling with excitement at the premiere of Renaissance: A Film by Beyoncé […]
Indian American
Indian American Professor at University of Washington goes missing on Mount Rainier hike
SEATTLE (TIP): A search is underway for Sam Dubal, an Indian American professor at University of Washington, Seattle, who has gone missing for more than ten days during a hike at Mount Rainier. Dubal, 33, […]
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Electoral bonds: Apex court rightly annuls contentious scheme
Mired in controversy since its inception, the electoral bond scheme for political funding has been annulled by the Supreme Court. A five-judge Constitution Bench headed by Chief Justice DY Chandrachud said the scheme was violative […]
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